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and the democrats. how they essentially tried to bring the federal government's financial house to some kind of order. the answer is they failed. we have a federal government whose financial house is in total disorder, total disarray. it is a historic problem. to try to put it in english, we have a trillion dollars of iou outstanding in the world. the negotiations, they agreed to raise what they call the debt ceiling, so the government can borrow a couple more trillion dollars. we are going to run it run out of that borrowing authority january or february of next year. they're going to have to go back and authorized congress for more trillions of dollars of borrowing. the republicans and lots of people in congress don't want to authorize that. so there is going to be a bloody negotiation, unless they can work a deal. in a sense, this is a book about the past, but it's about the present. it is about where we are going and what the country's future is. if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president b
about a stimulus and hiring more government workers and having the government making investments. of course, he talks about raising taxes. they plan to raise taxes on the american people and that will kill jobs. we want to create jobs and not kill jobs in this country. [applause] we also heard this plan are raising taxes and cutting medicare. in fact, there has been a study released this week. the people look at his spending plans and all of the debt they create and interest that its charge. he will raise taxes on the middle class as well by some $4,000 per family. the american people do not want more taxes. they want less spending and more growth. we will do that and get america back on a balanced budget. [applause] i do not want to raise taxes on any one. this president seems to think that keeping our taxes the same as they are now is a huge tax cut. only in washington would do thing keeping taxes as they are is a huge tax cut. hot i will find a way to bring our taxes down -- i will find a way to bring down our taxes. we will give the middle class a tax break. [cheers and appla
people that want to work. everybody in this country should succeed, not just people in government. host: president obama gave an address yesterday talking about how congress should act to keep taxes low. let's take a listen. >> 97% of small-business owners will not see their taxes go up next year. this is something everybody says they agree on. it should have gotten done months ago. republicans in congress are standing in the way. there are holding tax cuts for 98% of americans hostage until they pass tax cuts for of the richest 2%. congress needs to step up and provide every responsible homeowner a chance to save $3,000 a year on mortgage at refinancing at lower rates. i give them a plan to do that in february. it is a plan that has the support of independent nonpartisan economists. republicans will not let it come to a vote. ask them how that helps homeowners. congress needs to step up and pass my plan to create a job corps to help our returning heroes find jobs as cops, firefighters and park rangers across the country. republicans in the senate voted that plane down. ask them why som
at bloomberg government, the roth political report -- and a reminder that if you enjoyed today, we do this for state of the industry conferences. a reminder -- in four weeks, election day will be held. a couple of days afterward, we will have a major event at the chamber, on the morning of november 8. we hope you will mark our -- mark your calendars and join us. thank you very much, and have a great day. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> both presidential candidates are in ohio, with rallies this afternoon. mitt romney is a kind of false -- is at the falls. the president fifth event at ohio state university will start shortly. meanwhile, a discussion of how the presidential race shapes up. >> we will be getting electoral scoreboard updates from a lot of publications. today, we feature "the wall street journal." which are joined by a political reporter there. thank you for joining us. guest: thank you for having me. host: what are we looking at? guest: you can see which states we have classifie
and the federal government should not do business with waway. there are reports of cyberattacks as well as from zte another company. both deny they are a security threat. >>> and honda is recalling more than 250,000 vehicles due to a possible fire risk. the recall involves the crv crossovers from the 2002 to 2006 model years. an electrical switch in the drivers side door could melt and cause a fire. the fire could start even when the ignition is off. honda says owners have reported four fires so far but no injuries or crashes linked with the problem. so if you have that car, get it to the dealer as soon as possible. they will fix it for free. >> frank has that car, ashley. >> you missed me by a year but i was listening for sure. >> so apparently it's easier to tip now at starbucks. >> reporter: yeah. you won't have to leave a dollar or two because the seattle-based coffee company is actually making an app for that. starbucks says it's adding a digital tip function to its mobile payment app. they say the new smartphone application will be out and ready for use next summer. i'm still waiting for
fall for the scam is the messages look like they're frrm the government accusing users of thiigs like child pornography."it ffightens &ppeople and kind oo prrys on their fear.""in retrospect the amount of grief this will cause us woold have been well worth the ransom, buu that steve merrifield never did pay his data back even after takkng his omputtr o some of the best experts in the industry."after 100days of diligence, they regret o infoom me they cannot recover &pthe data." coming up... drawing attention to he dangers... of texting and driving. driving.the ocal tudent who put in a lot of hard work... toosend an important message. get up nd danne.the community aapreciationn vent... going on at a baltimore studio. yoo're wwtching fox 45 morning news.. all local.. all morning. when we switched to fios, we got better tv,, better phone, better internet. it was like somebody like took our computer, shook all the junk out of it. we're actually getting more for our money with fios. [ male announcer ] it's time to get more for your money. upgrade to verizon fios internet, tv and phon
Search Results 0 to 5 of about 6